FX.co ★ Goldman Sachs Plans To Spin-out Its Digital Assets Platform: Bloomberg

Goldman Sachs is reportedly in discussions with potential collaborators to establish its digital-assets platform as an independent entity. Mathew McDermott, the global head of Digital Assets at Goldman, disclosed in an interview with Bloomberg that the bank is engaging with various market participants as it enhances the platform's features and explores new commercial applications.

The initiative to create a new company is still in the preliminary phase. However, the overarching objective is to complete this spin-off within the next 12 to 18 months, pending regulatory approval, McDermott stated.